0001127602-23-004432.txt : 20230210
0001127602-23-004432.hdr.sgml : 20230210
20230210155632
ACCESSION NUMBER: 0001127602-23-004432
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230208
FILED AS OF DATE: 20230210
DATE AS OF CHANGE: 20230210
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: McRae Lawrence D
CENTRAL INDEX KEY: 0001323998
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-03247
FILM NUMBER: 23611571
MAIL ADDRESS:
STREET 1: ONE RIVERFRONT PLAZA
CITY: CORNING
STATE: NY
ZIP: 14831
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CORNING INC /NY
CENTRAL INDEX KEY: 0000024741
STANDARD INDUSTRIAL CLASSIFICATION: DRAWING AND INSULATING NONFERROUS WIRE [3357]
IRS NUMBER: 160393470
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: ONE RIVERFRONT PLAZA
CITY: CORNING
STATE: NY
ZIP: 14831
BUSINESS PHONE: 6079749000
MAIL ADDRESS:
STREET 1: ONE RIVERFRONT PLAZA
CITY: CORNING
STATE: NY
ZIP: 14831
FORMER COMPANY:
FORMER CONFORMED NAME: CORNING GLASS WORKS
DATE OF NAME CHANGE: 19890512
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2023-02-08
0000024741
CORNING INC /NY
GLW
0001323998
McRae Lawrence D
ONE RIVERFRONT PLAZA
CORNING
NY
14831
1
Vice Chairman & Corp. Dev. Off
Common Stock
2023-02-08
4
M
0
168
A
146426
D
Common Stock
2023-02-08
4
M
0
139
A
146565
D
Common Stock
2023-02-08
4
M
0
888
A
147453
D
Common Stock
2023-02-08
4
F
0
1195
35.14
D
146258
D
Common Stock
779.701
I
Held By Wife - Emp. Benefit Plan
Common Stock
5812.0006
I
Trustee U/employee Benefit Plan
Performance Share Unit
Common Stock
11910
11910
D
Restricted Stock Unit
Common Stock
38423
38423
D
Restricted Stock Unit
Common Stock
16851
16851
D
Restricted Stock Unit
Common Stock
20412
20412
D
Restricted Stock Unit
Common Stock
1213
1213
D
Restricted Stock Unit
2023-02-08
4
A
0
752
0
A
Common Stock
752
752
D
Performance Share Unit
2023-02-08
4
A
0
4730
0
A
Common Stock
4730
4730
D
Performance Share Unit
2023-02-08
4
A
0
3910
0
A
Common Stock
3910
17378
D
Performance Share Unit
2023-02-08
4
A
0
25039
0
A
Common Stock
25039
86931
D
Performance Share Unit
2023-02-08
4
M
0
168
D
Common Stock
168
4562
D
Performance Share Unit
2023-02-08
4
M
0
139
D
Common Stock
139
17239
D
Performance Share Unit
2023-02-08
4
M
0
888
D
Common Stock
888
86043
D
Each performance share unit represents a contingent right to receive one share of Corning Incorporated common stock.
The reporting person disclaims beneficial ownership of all securities held by spouse.
Performance share units (PSUs) were earned February 3, 2021 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2020 pursuant to the 2020 agreement. Earned PSUs remain restricted until vesting. The earned units will vest ratably over 3 years from the grant date and convert to common stock, subject to service-based vesting requirement.
Each restricted stock unit represents a contingent right to receive one share of Corning Incorporated common stock.
The restricted stock units (RSUs) vest 100% on April 14, 2023. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
The restricted stock units (RSUs) vest 100% on April 15, 2024. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
The restricted stock units (RSUs) vest 100% on April 15, 2025. Events such as retirement, death, disability, and others specified in the agreement may result in vesting prior to the vesting date.
The restricted stock units will vest on May 15, 2023. Events such as retirement, death, disability, and others specified in the May 2020 agreement may result in vesting prior to the vesting date.
Employees were provided an opportunity to voluntarily exchange a portion of their compensation for the first six months of 2023 for restricted stock units (RSUs). The reporting person exchanged $22,013 of their cash compensation for 752 RSUs.
The restricted stock units (RSUs) vest 2/3 after 1 year and 1/3 after 18 months from the grant date.
Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2022 agreement. Earned PSUs remain restricted until April 15, 2025, when they vest and convert to common stock, subject to service-based vesting requirement.
Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2021 agreement. Earned PSUs remain restricted until April 15, 2024, when they vest and convert to common stock, subject to service-based vesting requirement.
Performance share units (PSUs) were earned February 8, 2023 per Compensation Committee decision that performance criteria were satisfied for fiscal year 2022 pursuant to the 2020 agreement. Earned PSUs remain restricted until April 14, 2023, when they vest and convert to common stock, subject to service-based vesting requirement.
Linda E. Jolly, Power of Attorney
2023-02-10